Orthophosphoric Acid Market Global Sales, Trend, Overview and Forecast Report to 2022

Global Orthophosphoric Acid Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. Orthophosphoric acid is also known as phosphoric acid or phosphoric (V) acid, is a mineral acid with the chemical formula H₃PO₄. The factors that propel the growth of the market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations.

In addition, factors such as ever increasing population coupled with growing demand for food fuels the market growth. Also, escalating use of orthophosphoric acid for the manufacturing of fertilizers contributes to the market growth. Moreover, as a chemical reagent it acts as dental and orthopedic etchant, industrial etchant, rust inhibitor, home cleaning product, dispersing agent, etc. On the other hand, there are also factors that may hamper the growth of the market such as hazardous nature of the compound. Orthophosphoric Acid Market is classified on the basis of product type, applications, distribution channel and geography.

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Orthophosphoric Acid Market is segmented by distribution channel as online stores, specialty stores and others. Orthophosphoric Acid Industry is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa. The key factors such as rise in disposable income, growing population and increasing food demand coupled with changing food consumption patterns particularly in developing economies like China and India significantly contribute to the growth of this region.

Some of the key players that fuel the growth of the Orthophosphoric Acid Industry include PotashCorp, OCP, PhosAgro, The Mosaic Company, and Sinofert Holdings. The other prominent players operating in the Orthophosphoric Acid Market include Acron, Agrium, Jordan Phosphates Mines Company, Arkema, GCT, CF Industries Holdings, EUROCHEM, Maaden, Guizhou Kailin, URALCHEM, IFFCO, WengFu Group, ICL, Yara, Vale, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into

• White Solid

• Colorless Viscous Liquid

Split by application, this report focuses on consumption, market share and growth rate of Orthophosphoric Acid in each application, can be divided into

• Pharmacy

• Food

• Agriculture

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